SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) Sees Large Growth in Short Interest

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 2,587 shares, a growth of 582.6% from the January 29th total of 379 shares. Based on an average trading volume of 3,468 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 3,468 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On SPDR SSGA My2027 Corporate Bond ETF

Hedge funds have recently made changes to their positions in the company. Lido Advisors LLC acquired a new stake in shares of SPDR SSGA My2027 Corporate Bond ETF in the 4th quarter valued at about $2,761,000. Fourth Dimension Wealth LLC boosted its holdings in shares of SPDR SSGA My2027 Corporate Bond ETF by 155.6% in the fourth quarter. Fourth Dimension Wealth LLC now owns 28,609 shares of the company’s stock valued at $716,000 after acquiring an additional 17,414 shares during the period. Sanctuary Advisors LLC increased its holdings in shares of SPDR SSGA My2027 Corporate Bond ETF by 0.4% in the 4th quarter. Sanctuary Advisors LLC now owns 98,501 shares of the company’s stock valued at $2,467,000 after acquiring an additional 421 shares during the period. Hobbs Group Advisors LLC purchased a new stake in SPDR SSGA My2027 Corporate Bond ETF in the 4th quarter valued at $575,000. Finally, Blossom Wealth Management purchased a new stake in SPDR SSGA My2027 Corporate Bond ETF in the 4th quarter valued at $468,000.

SPDR SSGA My2027 Corporate Bond ETF Price Performance

MYCG remained flat at $25.11 on Wednesday. The company had a trading volume of 7,382 shares, compared to its average volume of 5,759. SPDR SSGA My2027 Corporate Bond ETF has a 52-week low of $24.65 and a 52-week high of $27.31. The business has a fifty day simple moving average of $25.06 and a 200 day simple moving average of $25.05.

SPDR SSGA My2027 Corporate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a $0.0883 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, February 2nd.

SPDR SSGA My2027 Corporate Bond ETF Company Profile

The SPDR SSgA My2027 Corporate Bond ETF (MYCG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of investment grade corporate bonds with effective maturities in 2027. Bonds are USD-denominated. MYCG was launched on Sep 23, 2024 and is issued by State Street.